RVER
Trenchless Fund ETF
The Trenchless Fund ETF aims to provide investors with exposure to companies engaged in trenchless technology, which offers innovative solutions for utility installation and repair while minimizing disruption to urban environments.
US
EQUITY
Active
MANAGEMENT STYLE
$ 130.3 M
ASSETS UNDER MGMT
65 bp
EXPENSES
Fund Basics
| Inception date | Apr 02, 2024 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| NVIDIA CORP | 14.4 % |
| HEWLETT PACKARD ENTERPRISE CO. | 14.3 % |
| IMMUNITYBIO INC | 7.6 % |
| BROADCOM INC. | 7.5 % |
| META PLATFORMS INC | 7.0 % |
| EQT CORP | 7.0 % |
| PALO ALTO NETWORKS INC | 6.3 % |
| CLEANSPARK, INC. | 5.2 % |
| COEUR D'ALENE MINES CORP | 4.5 % |
| SERVICENOW INC | 4.3 % |
Constituent Breakdown
| Number of holdings | 17 |
| Herfindahl-Hirschman Index | 800 |
| Wgt avg mkt cap (mns) | $608,230 |
| Large cap (>$10bn) | 66.9% |
| Mid cap ($2-10bn) | 17.6% |
| Small cap (<$2bn) | 8.6% |
| Developed mkts. | 94.0% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 96.4 % |
 |
SINGAPORE | 3.2 % |
Historical Performance
Standardized Performance (as of 04/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -3.1% | 13.3% | 11.6% | -- | -- | -- | -- | 8.6% |
| Dividend Yield | 0.0% | 1.9% | 0.9% | -- | -- | -- | -- | 0.9% |
| Total Returns | -3.1% | 15.2% | 12.5% | -- | -- | -- | -- | 9.5% | Ann. Volatility | 27.2% | 21.8% | 26.3% | -- | -- | -- | -- | 26.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.33 | 57% |
| MSCI EAFE | 0.84 | 31% |
| MSCI Emg Mkts | 0.66 | 32% |
Liquidity Measures
| Avg. volume (000) | 4 |
| ADV traded (mns) | $0 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.23% |
Technical Indicators
| 30d moving avg. (EMA) | $29.86 |
| Relative strength (RSI) | 57 |
| MACD/Signal | 0.46/0.45 |
| Bollinger Bands (Upper/Lower) | $31.69/$28.99 |
| Short interest (% of AUM) | 0.0% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. RVER |
Expenses vs. RVER |
ALTAR Score™ vs. RVER |
|---|---|---|---|---|
| AGIX | KraneShares Artificial Intelligence and Technology ETF | 43.3% | +34 bp | +0.1% |
| DUNK | Dana Unconstrained Equity ETF | 29.4% | +10 bp | +1.1% |
| BGRO | iShares Large Cap Growth Active ETF | 29.3% | -10 bp | +0.7% |
| IWFG | IQ Winslow Focused Large Cap Growth ETF | 28.8% | 0 bp | +1.1% |
| AGRW | Allspring LT Large Growth ETF | 28.1% | -30 bp | +2.7% |
| QOWZ | Invesco Nasdaq Free Cash Flow Achievers ETF | 27.4% | -26 bp | +2.6% |
| QGRW | WisdomTree U.S. Quality Growth Fund | 26.8% | -37 bp | +2.0% |
| NULG | Nuveen ESG Large-Cap Growth ETF | 26.6% | -39 bp | +2.3% |
| ILCG | iShares Morningstar Growth ETF | 25.9% | -61 bp | +2.1% |
| LRGE | ClearBridge Large Cap Growth ESG ETF | 25.8% | -6 bp | +1.7% |
Risk and Returns: RVER vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 5/17/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
1.7%
ALTAR SCORE™
4th
PERCENTILE
AVOID
ETFRC RATING
There are 1,207 funds in the US Equity category with an average
ALTAR Score™ of 5.4% and a standard deviation
of 2.1%. RVER's ALTAR Score™ is approximately -1.7 standard
deviations above the category average. This places RVER in the 4th percentile
among funds in the category.
Sell-Side Consensus
$39.1
PRICE TARGET
+23.3%
UPSIDE